Alio Gold Inc. announced consolidated earnings and production results for first quarter ended March 31, 2018. For the quarter, the company reported metal revenues decreased to $23.3 million compared to $32.3 million during first quarter of 2017. Net earnings from operations were $3,651,000 against $9,780,000 a year ago. Net earnings were $3,230,000 or $0.07 per basic share against $6,042,000 or $0.17 per basic share a year ago. Cash flows used in operating activities was $1,826,000 against cash flows from operating activities of $9,743,000 a year ago. The decrease in earnings was primarily due to lower gold ounces sold. Additionally, there were lower earnings from mine operations of $3.7 million compared to $9.8 million during first quarter 2017 primarily a result of fewer ounces sold.

For the quarter, the company reported gold production of 17,624 ounces at an all-in sustaining cost of $1,262 per ounce.
The company maintained 2018 guidance of between 90,000 and 100,000 ounces of gold.